Widefield Mall FOR SALE


Colorado Springs, CO
$12,249,280 USD
719-244-5182
, Colorado Springs, CO for Sale
$12,249,280 USD
FOR SALE
1/35
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Widefield Mall
Colorado Springs, CO


HIGHLIGHTS

  • Flexible Acquisition Structure
  • Anchored by National & Regional Credit
  • Granular, Diversified Income
  • Embedded Value-Add Upside
  • Contractual Rent Growth
  • Below Replacement Cost & Infill Location

OVERVIEW

A 9-asset collection of anchored, multi-tenant, and single-tenant retail real estate totaling approximately 183,543 square feet in the Widefield / Security submarket of Colorado Springs, Colorado. The portfolio is anchored by a ±151,058-square-foot neighborhood center home to Big R, Harbor Freight, and Dollar General, and is complemented by an additional multi-tenant strip center and seven freestanding multi- and single-tenant buildings occupying the dominant retail corner of Widefield Boulevard and Fontaine Boulevard. The Offering is available in its entirety, by individual center, or as individual single-tenant assets, giving investors of varying size and strategy a rare opportunity to acquire scale in a single transaction or to “cherry-pick” specific properties. Aggregate pricing is $12,249,280, reflecting a basis of approximately $67 per square foot, well below replacement cost. Property Information: Sale Price: $12,249,280 Price Per SF: ±$66.71 / SF In-Place NOI: ±$710,786 Total GLA: ±183,542 SF Occupancy: ±95% Number of Buildings: 9 (1 anchored center, 1 strip center, 7 multi- & single-tenant) Property Type: Retail (Multi- & Single-Tenant) and one office property Submarket: Widefield/Security, CO Acquisition: Whole, by Center, or Individual

ASK ABOUT THIS PROPERTY

Jeremy ShirleyOlive Real Estate GroupMore Info
719-244-5182

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Jeremy ShirleyOlive Real Estate GroupMore Info
719-244-5182

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.